[TYPE]


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.   20549


SCHEDULE 13G

Under the Securities Exchange Act of 1934






ORBOTECH  LTD.
1


(Name of Issuer)






Common Stock

(Title of Class of Securities)






M75253100

(CUSIP Number)









1 The remainder of this cover page shall be filled out for a reporting person's
 initial filing on this form 
with respect to the subject class of securities, and for any subsequent
 amendment containing information 
which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
 deemed to be "filed" for the 
purpose of Section 18 of the Securities exchange Act of 1934 ("Act") or
 otherwise subject to the 
liabilities of that Section of the Act but shall be subject to all other 
provisions of the Act (however, see 
the Notes).


1
NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

	Bee & Associates Incorporated			84-1113473


2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*



(a) ?
(b) ?

3
SEC USE ONLY



4
CITIZENSHIP OR PLACE OF ORGANIZATION

	Colorado, U.S.A.

NUMBER OF SHARES 
BENEFICIALLY 
OWNED BY EACH 
REPORTING PERSON 
WITH:
5
SOLE VOTING POWER



6
SHARED VOTING POWER

	749,590


7
SOLE DISPOSITIVE POWER



8
SHARED DISPOSITIVE POWER

	749,590

9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	749,590

10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	?

11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.59 %

12
TYPE OF REPORTING PERSON

	Investment Advisor



Item 1.
(a)
Name of Issuer:
Orbotech  Ltd.
(b)
Address of Issuer's Principal Executive Offices
New Industrial Zone
P. O. Box 215
Yavne 81102,  Israel





Item 2.
(a)
Name of Person Filing:
Bee & Associates Incorporated
(b)
Address of Issuer's Principal Executive Offices
370 Seventeenth St., Suite 3560
Denver, CO  80202

(c)
Citizenship:
Colorado
(d)
Title of Class of Securities:
Common Stock
(e)
CUSIP Number:
M75253100



Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check 
whether the person filing is a:
	Investment Advisor

Item 4.	     Ownership
(a)
Amount Beneficially Owned:
/ 2    749,590
(b)
Percent of Class
/ 3     5.59 %
(c)
Number of shares as to which such person has:


(i)   Sole power to vote or to direct the vote:


(ii)  Shared power to vote or to direct the vote:
749,590

(iii)  Sole power to dispose or to direct the disposition of:


(iv)  Shared power to dispose or to direct the disposition of:
749,590



Item 5.		Ownership of Five Percent of Less of a Class:

		N/A





		2	/
		3	/







Item 6.		Ownership of More than Five Percent on Behalf of Another 
Person:

			N/A




Item 7.		Identification and Classification of the Subsidiary Which 
Acquired 
the Security Being
			Reported on By the Parent Holding Company:

			N/A




Item 8.		Identification and Classification of Members of the Group:

			N/A




Item 9.		Notice of Dissolution of Group:

			N/A




Item 10.		Certification





	After reasonable inquiry and to the best of my knowledge and belief, I 
certify
 that the information 
set forth in this statement is true, complete and correct.




Dated:
January 6
, 1999

























		Adam D. Schor
		Principal
		Bee & Associates Incorporated





CUSIP # M75253100
SCHEDULE 13G
Page 5 of 1




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